HK33HKD to turnaround?HS50 - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 16917.
Price action looks to be forming a bottom.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 16970 (stop at 16825)
Our profit targets will be 17270 and 17870
Resistance: 17285 / 17870 / 18600
Support: 16695 / 15860 / 14790
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